Business Briefs: Dollar General moves in Flintstone

July 23rd, 2014by Staff Reports and Wire Service in Business Around the Region

Dollar General

Photo by
Associated Press/Times Free Press.

Dollar General moves in Flintstone

Dollar General will celebrate the grand opening of its relocated store in Flintstone, Ga., at 8 a.m. on Saturday with special deals and free pizzas at the grand opening event.

The new store at 4120 Chattanooga Valley Road will give the first 50 adult shoppers Saturday a $10 Dollar General gift card and the first 200 shoppers will receive a free tote bag.

Dan Nieser, Dollar General's senior vice president of real estate and store development, said the new location will include seasonal products featured in the center of the store, easily recognizable departments with visible signage and coolers that are more conveniently located at the front of the store.

NSM appoints Mixon president

National Seating & Mobility (NSM) has appointed William C. "Bill" Mixon as president of the Franklin, Tenn.-based rehabilitation technology provider.

NSM CEO Mike Ballard said Mixon "is exactly the kind of talented executive we want to help us achieve the next phase of growth" in the company. Mixon has 24 years of experience in the healthcare industry and previously served as president for Universal Hospital Services (UHS), the largest provider of clinically focused mobile medical technology.

Founded by Mike Ballard, the company originated in Chattanooga in 1992 and continues to employ about 150 workers in Chattanooga in medical billing and collections personnel alongside financial, accounting, legal and HR operations.

Regions Bank profits rise

Regions Financial Corp., the parent company of one of Chattanooga's biggest banks, boosted its second quarter income by 12 percent to $300 million, or 21 cents per share. The results were in line with analysts projections. The Alabama-based banking firm cut expenses to more than offset a 2 percent decline in revenues, which totaled $1.28 billion during the three months ended June 30. The loan portfolio for Regions Bank rose 1.1 percent to $77 billion.

"These results demonstrate continued momentum as we effectively execute our business plans," Regions CEO Grayson Hall said in a statement.

Daniel Lindley

Photo by
Contributed Photo/Times Free Press.

Daniel Lindley opens Nashville eatery

Chattanooga-based chef and restaurateur Daniel Lindley plans to open his first restaurant in Nashville. The new 5th & Taylor Place is scheduled to open this fall in Germantown and will serve dinner daily, featuring a regional and seasonally focused American menu.

Inspired by Lindley's culinary background and creative endeavors, 5th & Taylor will have an eclectic atmosphere in a 96-year-old barrel roof warehouse, formerly part of an old textile bag plant and cotton mill.

"It's my hope that 5th & Taylor will complement the amazing restaurants in Germantown and maintain the relaxed vibe of the neighborhood," he said.

Lindley is a former executive chef and owner of the St John's restaurant in Chattanooga.

Consumer prices up 0.3 percent

A big jump in how much Americans pay at the gas pump pushed consumer prices up 0.3 percent in June, but the overall inflation trend remained steady, the Labor Department said Tuesday.

The rise in the Consumer Price Index was less than the seasonally adjusted 0.4 percent increase in May. And for the 12 months ended in June, prices were up 2.1 percent -- the same annual rate as in May. Gas prices surged 3.3 percent in June, the biggest jump in a year, as global tensions drove up oil prices. The increase accounted for two-thirds of the overall rise in consumer prices last month, the Labor Department said.